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Tata, Mahindra approached about acquiring Hummer

By: Santosh :+: Under: Asides, Business, Cars
On: ⋅ June 10, 2008 ⋅  Email this post ⋅  Print this post ⋅ Post a comment
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Close on the heels of Tata acquiring Land Rover and Jaguar from Ford, [UD Post 1, UD Post 2] Edmunds.com is reporting that GM has approached Tata and Mahindra to potentially acquire it’s fuel guzzler, The Hummer. With gas prices on the rise, the sales of Hummers, which give a whopping 9mpg, have plummeted and GM had to shut down four plants manufacturing hummers and other gas guzzling pickup trucks and SUVs. The editor of the Edmunds.com report asks a great question: Why are Indian companies like Tata and Mahindra interested in picking up all these troubled brands? Do they have a plan in place to turn them around or are they simply doing it for the prestige? If the latter, is this feasible in the long term? Another point to ponder on, are they planning to introduce these monsters on Indian roads?

[Edmunds.com]

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